Remita, Nigeria’s leading digital payment platform developed by SystemSpecs, is ready to take on a larger stage. After establishing itself as a key player in Nigeria’s public and private payment ecosystems, the company is now actively exploring expansion beyond Nigeria’s borders, positioning itself as a contender in Africa’s fast-growing fintech space.
Remita is a versatile electronic payment platform that enables individuals, businesses, and government agencies to make and receive payments seamlessly. It supports a wide array of services, including bill payments, payroll management, and revenue collection, all accessible through multiple channels such as mobile apps, web portals, point-of-sale terminals, and bank branches .
One of Remita’s most notable contributions is its role in implementing Nigeria’s Treasury Single Account (TSA) policy. Since its selection in 2011, Remita has facilitated the consolidation of government revenues, enhancing transparency and reducing financial leakages. By 2024, the platform was processing approximately ₦65 trillion (about $42 billion) annually, underscoring its critical role in public finance management .
Beyond Borders: Why Remita Is Expanding
According to Deremi Atanda, Managing Director of Remita, growth outside Nigeria is not just an aspiration—it’s a strategic necessity. In a recent conversation reported by Technology Times, Atanda emphasized that Remita’s core infrastructure is highly adaptable to other African countries dealing with similar challenges around payment fragmentation, government revenue collection, and financial inclusion.
“We have built infrastructure and payment experiences that can solve public finance and commercial payment problems not just in Nigeria, but across Africa,” Atanda said.
Remita is currently pursuing partnerships, exploring regulatory environments, and fine-tuning its business model to match the needs of regional markets. Countries with emerging digital finance ecosystems—such as Ghana, Kenya, Uganda, and Francophone West Africa—are likely targets for early expansion.
Exporting Proven Technology
Remita’s appeal lies in its track record and technical depth. Its work with the Nigerian federal government demonstrated that African fintech can achieve scale, security, and efficiency on par with global standards. Its core platform offers:
- Multi-channel payment collection and disbursement
- Cloud-based payroll and HR solutions
- Tax and pension remittance automation
- AI-enhanced customer service and fraud detection
These features are in high demand across Africa, where governments and businesses alike are digitizing payment systems and seeking platforms that offer security, compliance, and efficiency.
Navigating Regional Challenges
Expanding across Africa, however, is not without its hurdles. Every market has unique regulatory frameworks, currency systems, and digital maturity levels. Additionally, trust is a key factor—Remita must not only enter new markets but educate and onboard stakeholders who may be unfamiliar with the brand.
To address this, Remita is prioritizing partnerships with local fintechs, banks, and regulators, ensuring that its solutions are contextually relevant and scalable. By focusing on collaboration rather than disruption, Remita is seeking to integrate into local ecosystems rather than replace them.
What’s Next?
With mobile money usage soaring across Africa, and governments increasingly focused on formalizing payments and revenue collection, the time is ripe for a trusted payment engine like Remita to expand. Its experience in building a national-scale platform in Nigeria gives it both the technical credibility and operational muscle to succeed elsewhere.
As Atanda puts it, Remita is ready to become a Pan-African fintech enabler, bridging digital payment gaps and accelerating inclusion one country at a time.
